Lodi Unified School District 2018-19 First Interim Report December 11, 2018 Jeff Clanton Senior Director of Budgets Leonard Kahn Chief Business Officer

Approved Budget Revenue $355,594,759 5/26/2019 Lodi Unified School District

Approved Expenditures $360,306,252 5/26/2019 Lodi Unified School District

Unrestricted Ending Fund Balance Projections 3% Required Reserve 5/26/2019 Lodi Unified School District

Unrestricted Ending Fund Balance Reserve Assignments AMOUNT Contingency Reserve $500,000 LUSD Designated Economic Uncertainties $11,937,354 Grade Span Adj Reserve $1,000,000 Instructional Materials Reserve $2,000,000 Programmatic Reserve $1,129,326 Unforeseen Special Ed Costs $5,000,000 ACA Penalty Estimation Reserve $425,000 STRS/PERS Future Years Cost $10,000,000 Retain & Recruit Reserve $3,000,000 Security & Safety Reserve $11,292,718 Required 3% Economic Uncertainty $10,809,200 Total $57,093,598 5/26/2019 Lodi Unified School District

Enrollment History Enrollment is Currently Slightly Under Prior Year

ADA History

Lodi Unified School District Interim Summary STRS and PERS will increase approximately $8.5 Million Dollars through 2020-2021. Carry-over is indicated in expenditures and creates a deficit. 2018-19 One Time Funds have been received ($4,993,038). Special Education Contingency Reserve has been increased by $1,000,000 to $5,000,000. Employee compensation settlements for some bargaining groups still pending and not reflected in 2018-19 expenditures. Enrollment has decreased, ADA has been revised. Governor’s Proposed Budget in January may change assumptions. 5/26/2019 Lodi Unified School District

Lodi Unified School District Special Thanks Jeff Clanton, Senior Director of Budgets, and the Budget Department April Juarez, Director/Controller, and the Accounting Department Julie Winters, Administrative Assistant to Business 5/26/2019 Lodi Unified School District